1796 ⟶ Mandats territoriaux Issued and Rapidly Devalue

March 18: The Directory replaces the assignat with two billi...
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1789
1795
1796

💰 Assignats Introduced as Currency

December 19: Introduction of the assignat, a form of currency based not on silver, but on the value of the property of the Church confiscated by the State.⟶
currencyassignatsFrench Revolutioneconomic policyconfiscationchurch propertyfinancial crisispaper moneyinflationrevolutionary finance

📉 Assignat Plummets, Crippling French Finances

October 23: The assignat falls to just three percent of its nominal value. Twenty billion (20,000,000,000) notes in circulation.⟶
AssignatCurrencyInflationEconomic CrisisFrench FinancesFinancial CollapseRevolutionary GovernmentDirectoryMonetary PolicyPaper Money

📉 Mandats territoriaux Issued and Rapidly Devalue

March 18: The Directory replaces the assignat with two billion four hundred million Mandats territoriaux, which can be used to purchase nationalized property. Within three weeks they lose eighty percent of their value.⟶
CurrencyInflationFinancial CrisisDirectoryNationalized PropertyEconomic PolicyAssignatMandats territoriauxFrench Revolution